Washington Post in deal with Wall Street Journal

LONDON - The European and Asian editions of the Wall Street Journal are to publish stories and features from the Washington Post in a deal that follows the Post's loss of its stake in the International Herald Tribune.

Washington Post in deal with Wall Street Journal

The Post sold its stake in the International Herald Tribune to its joint owner the New York Times. The deal saw the Post lose the international platform that the Herald Tribune had given it.

The Post had been reluctant to sell its stake in the Herald Tribune, but the New York Times Co was committed to breaking the long-standing partnership up as part of its efforts to promote the NY Times abroad.

The deal with the Wall Street Journal will see the Journal run select news and features from the Post. The financial details of the agreement were not disclosed.

Leonard Downie Jr, executive editor of the Washington Post, said: "This [deal] will significantly increase the worldwide audience for Washington Post journalism, which we believe will complement that of The Wall Street Journal in its international editions."

The Washington Post announced it was selling its 49% stake in the Herald Tribune -- its only international outlet -- in October. It will continue to supply content to it in another non-exclusive agreement until the end of March, when the agreement with the New York Times ends.

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